Inside the mind of George Monbiot

I reviewed George Monbiot's latest book for The Critic last month. It's online here. It's supposed to be about 'neoliberalism', Hayek and free market think tanks although he doesn't seem to know much about any of them.

 

This is a thin book, physically and intellectually. The authors show no interest in understanding why Keynesianism “ran into trouble in the 1970s” or why politicians (and voters) were looking for a different way of doing things. They garble Hayek’s work until it becomes a ludicrous caricature and then project an extraordinary amount of bad faith onto his adherents.

Between 1945 and 1960, they claim, with a characteristic lack of evidence, that the Hayekian movement went from being “an honest if extreme philosophy” to “a sophisticated con” and “a self-serving racket”. After complaining that free-market think tanks do not dox their donors, Monbiot and Hutchison assert that there must be “oligarchs and corporations” paying them to promote their “unreasonable demands”. 

In a peculiar twist, they suggest that the “oligarchs” do this not so much to enrich themselves as to get a kick out of making the poor poorer (in fact, the incomes of those in the bottom 20 per cent have doubled in real terms since 1979).

This sounds so conspiratorial that when the authors write a chapter about conspiracy theories they coin the term “conspiracy fictions” to distinguish other people’s conspiracy theories from their own “genuine conspiracies” involving Cambridge Analytica and the Koch brothers. The Koch brothers inevitably get their own chapter in which the authors propose two “likely reasons” for their donating to libertarian causes. The first is “immediate self-interest”; the second is “power”. The possibility that libertarians want to give money to libertarian organisations never seems to cross their minds.

The authors use the word “oligarch” freely, presumably because it brings Russia to mind, but it is only ever applied to the “rich backers” of “neoliberal ideologues”. They have nothing to say about the likes of Bill Gates, George Soros or Michael Bloomberg, let alone the heiress Aileen Getty who funds Just Stop Oil. 

 

Read it all.